SAN FRANCISCO - Marin Software Incorporated (NASDAQ: MRIN), a digital marketing software provider trading at $0.94 per share, has been notified by the Nasdaq Stock Market of non-compliance with its listing rules due to delayed financial reporting. The stock has declined over 63% in the past year, according to InvestingPro data. The notice, received on May 21, 2025, pertains to the company’s failure to file its quarterly report for the period ending March 31, 2025, and its annual report for the fiscal year ending December 31, 2024.
The company has until June 16, 2025, to submit a plan to regain compliance for the delayed filings. If Nasdaq accepts the plan, Marin Software could be granted up to 180 days from the original due date of the annual report, or until September 29, 2025, to meet the compliance requirements. InvestingPro analysis shows the company maintains a current ratio of 3.08, indicating sufficient liquid assets to meet short-term obligations.
However, Marin Software’s board has already approved a voluntary liquidation and dissolution plan, pending shareholder approval. If shareholders consent to the dissolution, Marin Software’s common stock will be removed from Nasdaq’s listings. The company’s overall financial health score is rated as "WEAK" by InvestingPro, with revenue declining by approximately 10% in the last twelve months.
Marin Software, established in 2006 and headquartered in San Francisco, specializes in a cross-channel advertising management platform for digital marketers. The company’s recent developments have been detailed in a Current Report on Form 8-K filed with the SEC, available for public access.
The company’s forward-looking statements indicate uncertainties, including the potential inability to file the required financial reports within Nasdaq’s deadlines and the outcome of the proposed dissolution. Stockholders are advised to read the Definitive Proxy Statement filed on May 7, 2025, regarding the special meeting for the dissolution, which contains vital information about the company’s future.
This news article is based on a press release statement from Marin Software Incorporated. For deeper insights into MRIN’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, covering over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Marin Software Incorporated has announced plans to dissolve its operations following a strategic review. The company’s Board of Directors has approved a Plan of Dissolution and Liquidation, which is pending stockholder approval. This decision comes after a thorough evaluation of strategic alternatives, with the conclusion that winding down operations would best serve shareholders’ interests. If approved, the plan would involve Marin Software ceasing operations, delisting from Nasdaq, and addressing liabilities and obligations, with any remaining assets potentially being sold. The net proceeds from these actions would be distributed to the stockholders. The company is preparing for a special stockholders’ meeting in the second quarter of 2025 to seek approval for this dissolution plan. Marin Software plans to file proxy materials with the SEC, urging stockholders to review these documents for important information. The definitive proxy statement will be provided to stockholders upon availability. The announcement includes forward-looking statements subject to risks and uncertainties, particularly regarding asset sales and shareholder distributions.
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